We got the move up yesterday that I was looking for and today should end it with a stop run above the 12/26 prior high, which was 6107 on the ES, and then I think we pullback 50-70 points. That could all happen today, not sure? But don't get all "bear-ed up" looking for the next big drop to start as there's still too much "time" left on the clock in favor of the bulls.
This pullback will just be a one day wonder event and after that we should bounce back up and stay in a range until we go into the FOMC next week, where a breakout to new all time highs is likely. It should run the stops on the bears by 70-100 points or so over the current all time high, and that should last right into the end of the month. Not much else to add as that's what I see and so far it's going well.
Have a blessed day.
